Energy & Oil

Friday, May 23rd 2014 - 23:38 UTC
Bye, bye Argentina: Spain's Repsol sells all assets and end operations in the country

Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets. Last month the Argentine congress gave final approval to pay 5bn dollars in compensation for Repsol's stake in Argentine oil firm YPF.
Friday, May 23rd 2014 - 10:45 UTC
YPF discovers shale in Chubut province, 1.000 km southeast of Vaca Muerta

At least 15 more shale oil and gas wells will be drilled in Argentina's Patagonia Chubut province over the next three years, a provincial official said on Thursday, a day after its first shale discovery was made public.
Thursday, May 22nd 2014 - 07:40 UTC
Falklands’ Premier and Noble have contracted a rig, according to Norwegian energy website

Ocean Rig has reportedly received a contract for its Eirik Raude semi-submersible rig for a drilling campaign in the Falkland Islands. According to Offshore.no, a Norwegian energy news website, the rig will be used by Noble Energy and Premier oil for their respective drilling campaigns in the Falkland Islands waters in 2015
Thursday, May 22nd 2014 - 00:46 UTC
Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal

A major gas deal between Russia and China was finally sealed this week when Russian President Vladimir Putin was on a two day visit to China on May 20-21 and met with President Xi Jinping. In the lead up to Putin's arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be completed by Putin's arrival.
Tuesday, May 20th 2014 - 19:35 UTC
Falklands visited by Punta Arenas experts in ports, logistics and shipping

A group of managers representing Punta Arenas port facilities, logistic companies and shipping companies visited the Falkland Islands last week with an ultimate aim to offer solutions to the current and future commercial needs of the Islands.
Friday, May 16th 2014 - 09:37 UTC
YPF wants to create a G10 of Latin American state oil companies CEO's

Argentina's YPF CEO Miguel Galuccio proposed on Thursday in Bolivia a G10 of Latin American state owned oil corporations to strengthen their bargaining power based on their resources and development synergy.
Friday, May 16th 2014 - 09:25 UTC
YPF defends Chevron partnership; court orders investigation into accord with the US oil giant

Argentine state-controlled oil company YPF on Thursday defended the partnership deal it reached with one of the world's largest energy corporations, Chevron Corp., two days after a court ordered a probe into alleged irregularities associated with the pact.
Thursday, May 15th 2014 - 00:31 UTC
Falklands drilling will resume in second quarter of 2015, announced Premier Oil

Exploration drilling in the waters off the Falkland Islands will resume in the second quarter of next year, according to Premier Oil. Negotiations are currently underway with rig contractors and joint venture partners, the company said in its interim management statement which was approved as the annual general meeting.
Friday, May 9th 2014 - 07:01 UTC
Repsol/YPF 'marriage' definitively over; Spanish company ends 15-year presence in Argentina

Spanish oil major Repsol signed a definitive settlement agreement Thursday with Argentine President Cristina Fernandez's administration, which transferred more than 5 billion dollars in bonds as compensation for the 2012 seizure of Repsol's controlling stake in energy firm YPF.
Thursday, May 8th 2014 - 04:57 UTC
Repsol sells YPF stake for 1.25bn dollars to Morgan Stanley; keeps 0.5% share

Spain's Repsol oil and gas company says it has sold an 11.86% stake it owned in Argentina's YPF energy company to Morgan Stanley for 900 million Euros (1.25 billion dollars), effectively leaving it without a stake in a company it once controlled.